Products May 14, 2010

CUNA Mutual Group Offers Synapses Participant Profiles

Synapses Inc., a provider of 401(k) education, products, and services, is supplying its Sponsor Profile tool to Madison, Wisconsin-based CUNA Mutual Group for use with CUNA’s 401(k) clients.
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CUNA Mutual, which provides credit unions with financial services, uses the Synapses product to evaluate its defined contribution plan customers at the participant, sponsor, and book-of-business level, according to a news release. The Sponsor Profiles create a status report that details how well a plan’s participants are prepared for retirement in terms of replacement income and whether they appear to have an appropriate asset mix.

Synapses calculates and produces a CUNA Mutual Printed Profile with a personalized cover letter and a PDF of the Profile for posting on the CUNA Mutual Web site.

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Additionally, Synapses produces a PDF of a Participant Report that outlines what each person’s projected retirement income will be and whether they are on track to meet a personally defined income goal. The Participant Report indicates how each person’s current asset allocation compares with the glide path used to model CUNA Mutual Group’s proprietary target-date funds.

Products May 14, 2010

BNY Mellon Launches Dreyfus Global Real Return Fund

The Dreyfus Corporation, a subsidiary of BNY Mellon Asset Management, has announced the launch of Dreyfus Global Real Return Fund, Inc.
Reported by

The fund is a world allocation fund with an emphasis on global absolute return managed by Newton Capital Management Limited, a BNY Mellon Asset Management boutique, which specializes in global and regional equities and bonds, as well as multi-asset and absolute return funds.   

According to an announcement, the Dreyfus Global Real Return Fund seeks total return, consisting of capital appreciation and income.  It uses an actively managed multi-asset strategy to produce absolute or real returns with less volatility than major equity markets over a complete market cycle, typically a period of five years. The fund is not managed to a benchmark index; it seeks to provide returns that are largely independent of market moves.   

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The fund allocates its investments among global equities, bonds and cash, and, generally to a lesser extent, other asset classes, including real estate, commodities, currencies, and alternative or non-traditional asset classes and strategies by investing in securities and through derivative instruments.

James Harries, the fund’s primary portfolio manager, is director of Investment, Global Funds, at Newton.   

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